Decisions, decisions

Where next for the price of a barrel of oil? It’s an important question for producers and consumers, for whom managing oil price risk has never been more crucial. Oliver Holtaway finds that the answer to that question is not necessarily ‘up’.

Oil price forecasts have been grabbing headlines in mainstream news media ever since Goldman Sachs predicted $100-a-barrel oil back in April. For producers and consumers, the importance of managing price risk is more acute than at any time in recent memory.

But while the super-spike predictions may attract the attention of the newspapers, they are by no means representative of all oil analysts. By focusing on different angles, analysts are arriving at different conclusions.

For the commercial

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